D. Boral Capital Served as the Sole Underwriter on the IPO of BurTech Acquisition Corp (Nasdaq: BRKH) which Recently Completed an ~$894 Million Business Combination with Blaize, Inc. (“Blaize”)
15 Enero 2025 - 2:31PM
BurTech Acquisition Corp. (“BurTech”) (NASDAQ: BRKH), a publicly
traded special purpose acquisition company, and Blaize, Inc.
(“Blaize”), a provider of purpose-built, artificial intelligence
(“AI”)-enabled edge computing solutions, today announced the
completion of their previously announced business combination (the
“Business Combination”). The combined company will operate under
the name Blaize Holdings, Inc. and began trading on Nasdaq under
the ticker symbols “BZAI” and “BZAIW” on January 14, 2025. The
Business Combination, approved at a special meeting of BurTech
shareholders on December 23, 2024, begins a new period in Blaize’s
growth in bringing artificial intelligence to the edge.
The Business Combination marks a major milestone
for Blaize as it continues building its transformative new compute
solution that unites silicon and software to optimize AI from the
edge to the core. Blaize has strong traction with over $400 million
in a qualified pipeline of prospective customers it expects to
engage in 2025 and a global footprint with Tier 1 supply chain
relationships.
“Today is an exciting milestone on Blaize’s
journey of powering the next generation of computing,” said Dinakar
Munagala, CEO of Blaize. “AI-powered edge computing is the future
due to its low power consumption, low latency, cost-effectiveness
and data privacy advantages. Blaize is well-positioned with our
full-stack hardware and software solution purpose-built for edge
computing.”
“We are pleased to announce the successful
completion of our merger, marking a significant milestone in
bringing value for our shareholders,” said Shahal Khan, CEO and
chairman of BurTech. “AI-powered edge computing is redefining what
is possible across a broad range of sectors, from security and
monitoring to enterprise edge AI to autonomous systems. We’re so
thrilled to partner with Blaize as it delivers the next generation
of computing.”
Advisors
Norton Rose Fulbright US LLP and Loeb & Loeb
LLP acted as legal counsel to BurTech. Jefferies served as a
Capital Markets Advisor to BurTech and was represented by Kirkland
& Ellis LLP. Latham & Watkins LLP acted as legal counsel to
Blaize. KeyBanc Capital Markets served as strategic advisor to
Blaize, and Sidley Austin LLP acted as legal counsel to KeyBanc
Capital Markets. In addition, D.A. Davidson & Co., Rosenblatt
Securities, and Roth Capital Partners, LLC acted as Capital Markets
Advisors to Blaize, and Blueshirt Capital Advisors is serving as an
investor relations advisor to Blaize.
About BurTech
BurTech (NASDAQ: BRKH) is a special-purpose
acquisition company dedicated to partnering with exceptional
businesses and providing them with the resources and expertise to
excel in the public market. With a focus on delivering long-term
value to stockholders and supporting innovative companies, BurTech
is committed to creating success stories in technology industries.
With steadfast stockholders, a robust financial footing, and an
unyielding commitment to innovation, BurTech is a visionary force
in the technology world.
About Blaize
Blaize provides a full-stack programmable
processor architecture suite and low-code/no-code software platform
that enables AI processing solutions for high-performance computing
at the network’s edge and in the data center. Blaize solutions
deliver real-time insights and decision-making capabilities at low
power consumption, high efficiency, minimal size, and low cost.
Blaize has raised over $330 million from strategic investors such
as DENSO, Mercedes-Benz AG, Magna, and Samsung and financial
investors such as Franklin Templeton, Temasek, GGV, Bess Ventures,
BurTech LP LLC, Rizvi Traverse, and Ava Investors. Headquartered in
El Dorado Hills (CA), Blaize has more than 200 employees worldwide
with teams in San Jose (CA) and Cary (NC), and subsidiaries in
Hyderabad (India), Leeds and Kings Langley (UK), and Abu Dhabi
(UAE).
Cautionary Statement Regarding Forward
Looking Statements
This press release contains forward-looking
statements within the meaning of Section 27A of the U.S. Securities
Act of 1933, as amended (the “Securities Act”), and Section 21E of
the U.S. Securities Exchange Act of 1934, as amended (the “Exchange
Act”) that are based on beliefs and assumptions and on information
currently available to Blaize, including statements regarding
Blaize’s business plans and growth strategies, market
opportunities, customer pipeline and financial prospects. In some
cases, you can identify forward-looking statements by the following
words: “may,” “will,” “could,” “would,” “should,” “expect,”
“intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,”
“project,” “potential,” “continue,” “ongoing,” “target,” “seek” or
the negative or plural of these words, or other similar expressions
that are predictions or indicate future events or prospects,
although not all forward-looking statements contain these words.
Forward-looking statements are predictions, projections and other
statements about future events that are based on current
expectations and assumptions and, as a result, are subject to risks
and uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this
document, including but not limited to: (i) changes in domestic and
foreign business, market, financial, political and legal
conditions; (ii) the expected benefits of the Business Combination
are not obtained; (iii) the ability to meet stock exchange listing
standards following the consummation of the Business Combination;
(iv) the risk that the Business Combination disrupts current plans
and operations of Blaize as a result of the consummation of the
Business Combination; (v) failure to realize the anticipated
benefits of the Business Combination, which may be affected by,
among other things, competition, the ability of the combined
company to grow and manage growth profitably, maintain
relationships with customers and suppliers and retain its
management and key employees; (vi) costs related to the Business
Combination; (vii) changes in applicable law or regulations; (viii)
the outcome of any legal proceedings that may be instituted against
Blaize; (ix) the effects of competition on Blaize’s future
business; (x) the ability of the combined company to issue equity
or equity-linked securities or obtain debt financing; (xi) the
enforceability of Blaize’s intellectual property rights, including
its copyrights, patents, trademarks and trade secrets, and the
potential infringement on the intellectual property rights of
others; and (xii) those factors discussed under the heading “Risk
Factors” in the definitive proxy statement/prospectus filed on
December 6, 2024 by Blaize Holdings, Inc. and other documents
filed, or to be filed, by Blaize Holdings, Inc. with the SEC.
Nothing in this communication should be regarded as a
representation by any person that the forward-looking statements
set forth herein will be achieved or that any of the contemplated
results of such forward-looking statements will be achieved. You
should not place undue reliance on forward-looking statements,
which speak only as of the date they are made. Blaize does not
undertake any duty to update these forward-looking statements.
Media Contact:
Leo Merle
Blaize
info@blaize.com
Mark Roberts
The Blueshirt Group for Blaize
ir@blaize.com
BurTech Acquisition (NASDAQ:BRKH)
Gráfica de Acción Histórica
De Dic 2024 a Ene 2025
BurTech Acquisition (NASDAQ:BRKH)
Gráfica de Acción Histórica
De Ene 2024 a Ene 2025